DOMINION BANKING.
LONDON COMMENT. LONDON", August 29. Tlio "Economist" discusses the situation in New Zealand. It pays a tribute to the Government for its moderation in the exercise of it« new powers. However, it expresses, apprehension lest the Reserve Bank become involved in the dual incompatible business of central and commercial banking. Moreover, remarks the "Economist," it is scarcely just to deprive the trading banks of remunerative business while expecting them to provide complete banking facilities for customers at little or no direct cost. New Zealand ought to temper zeal with circumspection and avoid crippling or restricting the existing machinery of commerce and finance.
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Auckland Star, Volume LXVII, Issue 206, 31 August 1936, Page 4
Word Count
104DOMINION BANKING. Auckland Star, Volume LXVII, Issue 206, 31 August 1936, Page 4
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